Totals
- Total revenue
- $95,430
- Total expenses
- $32,572
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $2,937
- Investment income
- $110,556
- Other revenue
- -$18,063
- Total assets, end of year
- $1,284,750
- Total liabilities, end of year
- $1,016,146
- Net assets or fund balances, end of year
- $268,604
- Program services expenses (Part IX)
- $32,572
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $32,572
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: CLEAN AND GREEN
total $1,602 · related or exempt $1,602
-
2b · Program service revenue: URBAN AGRICULTURE
total $1,335 · related or exempt $1,335
-
3 · Investment income
total $2,981 · excluded $2,981
-
6a · Gross rents
real property $10,415
-
6b · Less rental expenses
real property $28,478
-
6c · Rental income or loss
real property -$18,063
-
6d · Net rental income or loss
total -$18,063 · unrelated business -$18,063
-
7a · Gross sales of assets other than inventory
other assets $1,500,000
-
7b · Less cost or other basis and sales expenses
other assets $1,392,425
-
7c · Gain or loss
other assets $107,575
-
7d · Net gain or loss
total $107,575 · unrelated business $116,932 · excluded -$9,357
Functional expenses
Part IX, the statement of functional expenses.
-
11g · Fees: other
total $2,442 · program services $2,442
-
24a · Other expenses: SETTLEMENT CHARGES
total $24,856 · program services $24,856
-
24b · Other expenses: LICENSING AND BANK FEES
total $5,274 · program services $5,274
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $414,197 · end of year $625,741
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10c · Land, buildings and equipment, net
beginning of year $1,099,894
-
15 · Other assets
beginning of year $0 · end of year $659,009
-
17 · Accounts payable and accrued expenses
beginning of year $29,262 · end of year $142,791
-
23 · Secured mortgages and notes payable
beginning of year $734,721
-
25 · Other liabilities
beginning of year $588,067 · end of year $873,355
-
27 · Net assets without donor restrictions
beginning of year $162,041 · end of year $268,604
Mission and programs · 2022
Mission
AS A 100% CONTROLLED AFFILIATE OF ISLES, INC., ISLES MILL 57 WAS ORGANIZED TO OWN TITLE TO REAL ESTATE PROPERTY FOR ISLES, INC.'S PROGRAM FOR COMMUNITY REAL ESTATE DEVELOPMENT.
Activities or mission (Part I)
TO OWN AND DEVELOP VARIOUS REAL ESTATE PROPERTIES FOR ISLES, INC.
-
HOLDING COMPANY FOR REAL ESTATE PROPERTY THAT SUPPORTS ISLES INC.'S TAX EXEMPT PURPOSE.
Expenses $32,572 · Revenue $2,937
As filed on the 2022 return.
Listed in Part VII
-
John HartJOHN HART
CHIEF OPERATING OFFICER &
- Total calculated
- $121,984
- From this org
- $0
- From related orgs
- $111,753
- Other
- $10,231
- Hours/week
- 0.5 + 40 related
-
Jeff StollerJEFF STOLLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Sean CarneySEAN CARNEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael NordquistMICHAEL NORDQUIST
MANAGING DIRECTOR
- Total calculated
- $88,330
- From this org
- $0
- From related orgs
- $85,570
- Other
- $2,760
- Hours/week
- 0.5 + 40 related
-
Martin JohnsonMARTIN JOHNSON
EX-OFFICIO
- Total calculated
- $67,037
- From this org
- $0
- From related orgs
- $57,619
- Other
- $9,418
- Hours/week
- 0.5 + 23 related
-
Sean JacksonSEAN JACKSON
CHIEF EXECUTIVE OFFICER
- Total calculated
- $138,419
- From this org
- $0
- From related orgs
- $134,135
- Other
- $4,284
- Hours/week
- 0.5 + 40 related
-
Peter RosePETER ROSE
MANAGING DIRECTOR
- Total calculated
- $94,883
- From this org
- $0
- From related orgs
- $84,359
- Other
- $10,524
- Hours/week
- 0.5 + 40 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · PROVIDES HOUSING, GARDENING, RECREATION AND ENVIRONMENTAL EDUCATION · NJ
-
501(C)(3) · MANAGING INVESTMENT ACTIVITIES; SUPPORTING ORGANIZATION FOR ISLES, INC. · NJ
Directly controlled by ISLES INC
-
501(C)(3) · TRAIN INDIVIDUALS TO PERFORM WEATHERIZATION SERVICE TO LOW INCOME HOUSEHOLDS · NJ
Directly controlled by ISLES INC
-
501(C)(2) · HOLDING COMPANY OF REAL ESTATE PROPERTY FOR ISLES, INC.'S EXEMPT PURPOSE · NJ
Directly controlled by ISLES INC
-
501(C)(3) · PROVIDES EDUCATION, TRAINING, AND FINANCING TO DISTRESSED COMMUNITIES · NJ
Directly controlled by ISLES INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313139349304566
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